Real Messenger Corporation (NASDAQ:RMSG) Sees Significant Increase in Short Interest

Real Messenger Corporation (NASDAQ:RMSG) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 56,727 shares, an increase of 107.3% from the July 30th total of 27,361 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 216,440 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Real Messenger

A hedge fund recently bought a new position in Real Messenger stock. Citadel Advisors LLC bought a new position in shares of Real Messenger Corporation (NASDAQ:RMSG) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,823 shares of the company’s stock, valued at approximately $48,000. Citadel Advisors LLC owned 0.21% of Real Messenger at the end of the most recent reporting period. 37.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Real Messenger to a “hold” rating in a research note on Saturday, May 16th.

Real Messenger Price Performance

Shares of RMSG stock opened at $0.36 on Monday. The company has a market capitalization of $3.82 million, a PE ratio of -35.90 and a beta of 0.65. The firm’s 50-day moving average is $0.41 and its two-hundred day moving average is $0.78. Real Messenger has a 12 month low of $0.29 and a 12 month high of $3.90.

Real Messenger (NASDAQ:RMSG) last announced its quarterly earnings results on Tuesday, July 28th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $0.00 million for the quarter.

Real Messenger announced that its board has approved a share buyback plan on Tuesday, August 25th that allows the company to repurchase $0.00 in outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About Real Messenger

Real Messenger Holdings Limited is a real estate technology platform. The company is transforming real estate engagement by connecting agents, buyers, sellers and other industry participants within a unified, social platform. Real Messenger Holdings Limited, formerly known as Nova Vision Acquisition Corp., is based in COSTA MESA, Calif.